AVERAGE OR CO-INSURANCE CLAUSE,
What is The Meaning of AVERAGE OR CO-INSURANCE CLAUSE?
AVERAGE OR CO-INSURANCE CLAUSE refers to A clause in the policy stipulates that if the insured property is less than the total sum insured, the insured must bear part of the loss. Quota is the amount for which the property is not insured, it is expressed as one percent of the total sum insured at the time of claim. Generally, insurance contracts are subject to average or co-insurance calculations, i. This means that if the sum insured is more than the sum insured, it must contribute proportionately to each claim.
Literal Meanings of AVERAGE OR CO-INSURANCE CLAUSE
AVERAGE:
Meanings of AVERAGE:
Press or reach the average level or value from time to time.
A number that represents the central or specific value of a set of data, specifically the mode, median, or (more commonly) average value, calculated by dividing the sum of the values in the set by the number Goes
Transfer of financial responsibility for damage or financial loss to the ship or its cargo.
Add up the amount by adding some amount and then divide that amount by the amount of the amount.
Sentences of AVERAGE
2.4% average annual inflation
Property prices are double the national average
A special fee means loss or damage to a ship, cargo or part of a cargo.
The average temperature in May is 16 C
Synonyms of AVERAGE
centre, median, midpoint, medial, mode, middle, mean
OR:
Meanings of OR:
A boolean operator that returns one or more of the operas (or inputs) and otherwise zero.
Used to connect alternatives.
Enter synonyms or explanations for the previous word or phrase.
Other (used to show results of do's and don'ts)
It usually offers a reflection, in the form of a question.
it is.
Gold or yellow in heraldic colors.
Operational research.
Oregon (in postal use)
Another patent (as opposed to official).
Sentences of OR
A cup of tea or coffee
A detective novel or, as we say in business, a thriller
Hurry up or you will lose everything
John's indifference, right? - He got confused
The only way to know God or human beings is through love
Synonyms of OR
or else, if not, or
CO:
Meanings of CO:
District.
The chemical element cobalt.
Colorado (under official postal use).
Commander.
Objections of conscience Objections of conscience.
Synonyms of CO
master, boss, chief, director, overseer, controller, manager, head, headman, leader
INSURANCE:
Meanings of INSURANCE:
Practices or arrangements used by a company or government agency to guarantee compensation for a particular loss, injury, illness or death in return for the payment of a premium.
Something to prevent incidents.
Sentences of INSURANCE
Many new lenders sign unemployment or health insurance
Adherence to high standards of personal conduct is an excellent protection against personal problems.
Synonyms of INSURANCE
safety measure, indemnity, financial protection, surety, protection, defence, preventive measure, safeguard, indemnification, security, provision, shelter, cover, immunity, precaution
CLAUSE:
Meanings of CLAUSE:
Just below the line and in traditional grammar is a grammatical organizational unit that must contain an article and a prediction.
Specific and various articles, terms or reservations in an agreement, receipt or agreement.
Sentences of CLAUSE
Of the above sentences, both sentences connect to a chain of sentences without any structure.
Contracts usually choose the terms of the law that define the applicable law.
Synonyms of CLAUSE
paragraph, group of words, word group, turn of phrase, passage, phrasal idiom, item, expression, subsection, note, section, article, construction, point, idiom, idiomatic expression, clause, part, locution, wording
